ChainCatcher news, the Paraguayan National Electricity Administration (ANDE) recently raised electricity prices, which has caused Bitcoin mining companies to seek alternatives in neighboring countries such as Argentina and Brazil.

A joint venture between Argentine and Brazilian companies recently announced an 8 MW plan to generate 200 MW of electricity by 2026. But this is not the only project seeking to move to other countries after the recent increase in fees. Fernando Arriola, president of the Paraguayan Fintech Chamber, announced that several companies have signed documents to bring their business to Argentina.